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PROVIDED ALWAYS, that if said Mortgagor shall pay unto said Mortgagee tho certain Pmmia-
sory Note hereinafter substantially copied or ident~ed, to wit:
S 4 , 4 6 5.0 0 Fort fierce, Florida May 23 19 80
FOR VALUE RECEIVED, the undersigned, jointly and severally, promise to pay to the order of
City of Fort Pierce
Four Thousand Four Hundred Sixty Five-----------------------
at Finance Director City o f Fort Pierce or other such place as the holder
hereof may designate in writing without interest as long as the makers hereof continually make their res-
idence at 2513 Avenue F
Fort Pierce, Florida 33450
t
If the makers or their heirs shall fait to make their residence thereat, or shall transfer the said -
property within five (5) years of the date hereof, then, there shall be due to the City of Fort Piercx
an amount determined in accordance with the following schedule:
Percent of Grant
First Year: 10096
Second Year: 8096
Third Year: 6096 -
Fourth Year: 4096
Fifth Year: 2096
Upon the transfer or failure to continue to reside in the premises, principal shall bear interest at the
legal rate until paid. The makers and endorsers of this Note further waive demand, notice of non-payment
and protest. If this Note is not paid at maturity and the same is placed with an attorney for collection, the
makers and endorsers hereof agree to pay atl costs of collection, including all court costs and reasonable
attorney's fees. ~aR $ ~ G I~! ~ ASS V + ~E Q S
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